Investment Recommendations April 12th

Investment Recommendations April 12th

Introduction

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

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USD/CAD, 4-Hour Chart Analysis

The pair has been drifting lower in recent days but it remained relatively strong, despite the rise in the price of oil that usually helps the Canadian Dollar. The cross is now trading near multiple strong support zones that could ignite a new leg up in the ongoing long-term uptrend.

The long-term trend is expected to resume once the current correction runs its course. The 1.3175 level provides a great stop-loss opportunity for a bounce after today’s interest rate decision of the Bank of Canada. Further strong support is found near 1.3150 with the 1.3450 level ahead serving as primary resistance.

EUR/GBP: Short-Term Sell (Update)

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EUR/GBP, 4-Hour Chart Analysis

The pair quickly turned lower yesterday afternoon and broke below the 0.85 level. The move justifies a slightly lower stop-loss level for short-term traders. The 0.8550 resistance provides a good choice for the new stop-loss, while long-term traders could leave the stop above the 0.86 resistance for now.

The 0.8450 and 0.84 levels could be in play in the coming days, as traders continue to focus on the French elections and its possible negative effects of the common currency. The current short-term downtrend points to a re-test of the 0.8350 level, as the Pound continues to act relatively strong.

Mate Cser

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years of trading experience. He covers Forex, Commodities and Cryptocurrencies. He is among the top 10 most Read More

Jonas Borchgrevink

Founder

Jonas Borchgrevink is the founder of Hacked.com and CryptoCoinsNews.com. He is a serial entrepreneur, trader and investor. He shares his own personal journey on Hacked.com. // -- Discuss and ask Read More

P.H. Madore

ICO Analyst

P. H. Madore lives in Arkansas with his wife and children. He has covered the cryptocurrency beat over the course of hundreds of articles for Hacked’s sister site, CryptoCoinsNews, as Read More

Mate Csar

Analyst

Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive Read More

Justin O’Connell

Journalist

Justin O’Connell is a cryptocurrency journalist who works have appeared in the U.S.’s third largest weekly, the San Diego Reader & VICE. // -- Discuss and ask questions in our community Read More

Mati Greenspan

Analyst

Senior Market Analyst at Etoro.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Important: Never invest Read More

Rakesh Upadhyay

Analyst

Rakesh Upadhyay is a Technical Analyst and Portfolio Consultant for The Summit Group. He has more than a decade of experience as a private trader. His philosophy is to use Read More

Pamela Meropiali

Account Manager

Pamela Meropiali is responsible for users on Hacked.com. // -- Discuss and ask questions in our community on Workplace. Don't have an account? Send Jonas Borchgrevink an email -- // Read More

Joseph Young

Journalist

Joseph Young is a finance and tech journalist & analyst based in Hong Kong. He has worked with leading media and news agencies in the technology and finance industries, offering Read More